RWE restructures
RWE has announced plans to restructure its supply and distribution business in Germany and reorganise its ultra-high voltage grid as part of a €6.5 billion investment scheme.
Its two regional companies, RWE Rhein Ruhr and RWE Westfalen Weser Ems, will be merged to form two public limited companies, one for supply to promote energy efficiency, and one for distribution in the area. The role of the intermediate holding company, RWE Energy, will be discontinued.
"RWE wants to grow in Germany and we intend to significantly increase our market share with an expansion of the German retail business, innovative products and first-class service," says Juergen Grossmann, chief
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